An Interview with Rita Sanchez
Good evening, Moreno Valley. I’m Rita Sanchez, your local news reporter here at KMVN. Tonight, we’re talking about estate planning and the importance of trusts with Steve Bliss, a well-respected probate attorney right here in Moreno Valley. Steve, thanks for joining me tonight.
Trusts: A Cornerstone of Estate Planning
Steve, can you explain to our viewers why trusts are such an essential part of estate planning?
Certainly, Rita. Trusts are legal arrangements that hold assets for the benefit of beneficiaries. They provide a level of control and flexibility that simply isn’t possible with a will alone.
Think of a trust as a safe container for your assets. You, as the grantor, decide who benefits from these assets (the beneficiaries) and how those assets are managed and distributed. This can be especially crucial when you have minor children or loved ones who may need ongoing financial support.
The Power of Irrevocable Trusts
Steve, let’s talk about a specific type of trust: the irrevocable trust. Can you shed some light on its benefits?
Irrevocable trusts are a powerful tool for asset protection and tax planning. Unlike revocable living trusts, which can be changed during your lifetime, an irrevocable trust becomes set in stone once created. Consequently, this immutability offers significant advantages.
Firstly, assets placed within an irrevocable trust are generally shielded from creditors and lawsuits. Moreover, because you relinquish control over the assets, they’re no longer considered part of your taxable estate upon your passing. This can potentially reduce estate taxes significantly.
Of course, creating an irrevocable trust is a serious decision, and it’s important to consult with an experienced attorney like myself to ensure it aligns with your specific goals.
I once worked with a client who owned a successful business but was concerned about potential future liabilities. We created an irrevocable trust to hold a portion of his assets, safeguarding them from any unforeseen legal claims. It provided him with immense peace of mind knowing that a significant part of his wealth was protected.
According to a 2021 study by the National Academy of Elder Law Attorneys, nearly 60% of individuals over the age of 50 express concerns about protecting their assets from potential legal risks. Irrevocable trusts can be a valuable solution for addressing these anxieties.
Contact Moreno Valley Probate Law
Steve Bliss, thank you for sharing your expertise with us tonight. For viewers interested in learning more about trusts and estate planning, contact Moreno Valley Probate Law today for a free consultation.
Testimonials
“Working with Steve Bliss was a true pleasure. He patiently explained complex legal concepts and helped me create an estate plan that met all my needs.” – Mary T., Moreno Valley
“I highly recommend Moreno Valley Probate Law. They provided compassionate and professional guidance during a difficult time, making the probate process much smoother than I expected.”- John S., Riverside
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley Probate Law is a great estate lawyer. Affordable Legal Services.
My skills are as follows:
● Probate Law: Efficiently navigate the court process.
● Probate Law: Minimize taxes & distribute assets smoothly.
● Trust Law: Protect your legacy & loved ones with wills & trusts.
● Bankruptcy Law: Knowledgeable guidance helping clients regain financial stability.
● Compassionate & client-focused. We explain things clearly.
● Free consultation.
Map To Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “Can I include my bank accounts in a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
- Special Needs Trust Lawyer
- Spendthrift Trust Lawyer
- Tax By-Pass Trust Lawyer
- Totten Trust Lawyer
- Constructive Trust Lawyer
- Charitable Trust Lawyer
- Asset Protection Trust Lawyer
- Irrevocable Trust Lawyer
- Revocable Trusts Lawyer
- Living Trust Lawyer